Q: Using a product that you have in your house or apartment, discuss how well you think it is…
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Q: Based on their characteristics, business products can be classified into what categories?
A: There are four types of product classification — convenience goods, shopping goods, specialty…
Q: snip
A: The products that help in meeting the needs and preferences of an individual are called customized…
Q: What is the price at which the product is starting tobe perceived as expensive?
A: Pricing refers to setting a price for a product or service at which it will be sold in the market…
Q: Why must firms introduce new products?
A: New products and services are the foundation of any organization. Most organizations have growth…
Q: What is the main product category or sector which is the most important one in recent years, as…
A: A business can be described as an activity of trade which involves selling and purchasing either…
Q: Select a local small manufacturing operation and evaluate its primary product. What stages of the…
A: Product life cycle refers to marketing concept which explains that every product that exists in the…
Q: People often buy products not for what they do but for what they mean.” From consumers’ standpoint,…
A: “People often buy products not for what they do but for what they mean.”Consumer behavior is the…
Q: ctivity 2 Product List. Enumerate at least 5 products and services offered in your market place…
A: A business provides solutions on customer's problem. Customer face these problems while trying to…
Q: Make a list of products that can be bought in your vicinity. Tabulate them as innovative,…
A: INNOVATIVE PRODUCTS: This refers to the use of new technology, methods, features, process, ideas,…
Q: Which Design Alternative will you choose and explain your decision?
A: THE ANSWER IS AS BELOW:
Q: Illustrate the key characteristic distinguishing business products from consumer products?
A: Product refers to the bundle of features and utility which can satisfy the customer's needs.…
Q: How total cost of a product is calculated?
A: The price a seller charges needs to consider, and be consistent with, the objectives and costs of…
Q: Explain why some products succeed and others fail?
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Q: How do companies add value to products via their marketing channels? Give an example and explain
A: Marketing channels are all set of people or organization that perform activities to transfer…
Q: Discuss and Understand the reasons behind success or failure of a new product?
A: When a new company enters the market as startup, they first thing they do is create a product or…
Q: In your own words, differentiate consumer products and industrial products. Which of the two…
A: Consumer Products-Consumer products, also known as final goods, are items purchased by individuals…
Q: Why are supply base innovation and risk management two future areas that will consume more of the…
A: Supply base innovation and risk management are the two most important concerns in a supply chain. If…
Q: Why is it that product lifecycle are declining and what might companies do to counteract this?
A: Similar to the lifecycle of a dwelling being, customer items merchandise undergo key degrees of…
Q: Explain with the use of examples, why do some products experience long successful lives while others…
A: The products in the market also lead their life cycles. There are many similar products of different…
Q: what is differentiation? What are some forms of differentiation in washing detergents? How does…
A: Differentiation - It is a marketing strategy in which companies introduce their product or services…
Q: Please list some Non-Sustainable Competitive Advantages for Nike products
A: Nike is a global brand that makes a large range of products for competitors including shoes and…
Q: Where do ideas for new products come from?
A: The development of product is divided into two categories where development could be related to…
Q: How does an industrial product differ from a consumer product? Discuss the types of industrial…
A: An organization is created for fulfilling its objectives by doing the selected business. There are…
Q: What is the significance of tangibles in service marketing?
A: It is a tactic to present the visibility of the service to the customer and prospect in order to…
Q: Map out the entire chain for durable product such as ( PlayStation) from the raw matirials to the…
A:
Q: What is value and how is it determined and measured?
A: Value - It is the thing which is used to determine the worth which is related to something. It will…
Q: Which of these products is considered as a final good?
A: A final goods or consumer goods is a product that is utilized by the customer to fulfill current…
Q: Please briefly answer the following: Which firm/product are you examining? What is the…
A: McDonald's is the largest fast food American multinational company serving more than 90+ countries…
Q: What can be a particular product (goods or service) that can be offered in the market that can…
A: Customer loyalty Customer loyalty means that how much the products and emotional feelings of…
Q: Explain Why is it important to actually observe consumers and customers to develop new products?
A: When a company decides to design a new product and launch it in the market, the 1st step they take…
Q: In terms of the costs, will you prefer doing shopping every day or once a year? why
A: Shopping refers to the process through which customers purchase the good or services of their…
Q: How does a Blue Ocean Company succeed in creating cost effective products for consumers?
A: A blue ocean company refers to a company that introduces new products in the market to beat the…
Q: Do your suppliers regard you as a customer of choice worthy of sharing in new innovations?
A: Supplier selection is one of the important tasks for every organization. Organization has selected…
Q: Give 5 examples of food products that can be innovate and explain why. Example: coffee shop that…
A: Innovation: Innovation refers to the introduction of new ideas. It can also relate to product or…
Q: Among the innovative product nowadays which do you think is the most important, explain your answer
A: This question is related to the topic - Business strategy and this topic fall under the operations…
Q: Discuss reasons why new products fail in the market?
A: 1 A lack of independent and unbiased research into the market and target audience While One of…
Q: Understand why some products succeed and others fail
A: Product failure is a demotivating factor for many factors as marketers make a lot of effort to…
Q: What is the purpose of valuation in terms of industry perspective?
A: What is Valuation? Knowing what an asset is worth and what determines that value is a…
What products can be bought in your place? Make a list of products. Tabulate them as innovative, replacement and imitative.
Step by step
Solved in 2 steps
- How does an industrial product differ from a consumer product? Discuss the types of industrial products and provide an example of each.In your own words, differentiate consumer products and industrial products. Which of the two products is more likely hard to market?Pick a familiar product: a camera, microwave oven, lawn tool, or something else. Shop for this product at two very different store types, say, a discount store or category killer on the one hand and a department store or smaller specialty store on the other. Then shop for it online. Compare the three shopping outlets on product assortment, services, and prices. If you were going to buy the product, where would you buy it and why?
- Give two examples of popular products with very clear benefits.Death of a Product Porter’s Five Forces Model is an essential framework for understanding industries and market forces. Choose one of the categories listed here and analyze what happened to the market using Porter’s Five Forces: PDA and laptop computer On-demand movies and Blu-ray player Digital camera and Polaroid camera GPS device and a road atlas Digital books and printed books High-demand TV and radioIs it possible to market a product without identifying their market? If so, is it possible to identify the target market after a few months of operations? Explain and elaborate and give examples if possible with your discussion.
- “People often buy products not for what they do but for what they mean.” From consumers’ standpoint, what do you understand from this statement? Please explain it in detailWhat for people buy product ?what are customers looking for? Visually show your means of improving perceived value or utility of products?Following the Q and A above, how about it's PLACE - Marketing Mix? Considering that it is handcrafted and materials used are recycled, where can my products be on sale and can attract potential customers?